Bristol Chambers, Dale Street, Craven Arms, SY7 9PB

Description
The property comprises of a lock shop unit and two residential flats held under the title number SL281748 arranged across part 3 and single story. The end of terrace property is of traditional construction (excluding the garage) with all parking on street.
The shop is currently let to Severn Hospice, and has a Total Net Internal Sales Area of approximately 583 sq ft which has over 2 years remaining on the lease at a current passing rent of £6,000 p.a.
The flats benefit from a separate entrance from Dale Street. The first floor flat provides a Total Gross Internal Floor Area of 754 sq ft (70 m sq), which is currently let on an AST for £4,500 per annum. The second-floor flat is vacant providing a Total Gross Internal Floor Area of approximately 762 sq ft (70 m sq) with an estimated rental value of around £5,400 per annum.
The property would be of interest to property investors and speculators and has asset management potential.

Location
The property is located fronting onto Market Street within the town centre of Craven arms in an area of mixed development. The surrounding occupiers include Poultry and Pet Supplies, The paper shop, Balfours and The Stables.
The property is located in proximity to all local amenities with the A49 and the town’s main car park in close proximity.
Craven Arms is an established market town where all local amenities are available. The town is located approximately 21 miles south of the County Town of Shrewsbury and approximately 10 miles north of the town of Ludlow.

Tenure
The property is owned under Title Number SL281748
The property is offered for sale subject to the existing occupational tenancies:

GROUND FLOOR: Severn Hospice | 6 years from 25th March 2020 to 24th March 2026 | £6,000 per annum | FRI |

FIRST FLOOR: Flat 1 | AST for 1 year from 11th August 2011 | £4,500 per annum | Tenants Internal Repairing Basis |

SECOND FLOOR: Flat 2 | Vacant

Guide Price/Reserve
£65,000 (Sixty-Five thousand pounds) (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a reserve [a figure below which the Auctioneer cannot sell the property during the auction] which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
The property is offered for sale by public auction on Friday 27th of September at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.

Method of Sale
The property is offered for sale by public auction on Friday 27th of September at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR.

Buyers Premium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium.

Money Laundering Regulations
PLEASE NOTE that any person buying or bidding at auction MUST produce TWO forms of *identification documentation. One to confirm their name and residential address, i.e. utility bill or bank statement and one photo ID, i.e. passport or driving licence. We will be unable to accept your bid unless you have registered with us and produced suitable ID.

Conditions of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum.

Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.

Rights of Way Easements/Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.

Town and Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them

Boundaries, Roads and Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.

EPC
Severn Hospice:- TBC
Flat 1:- D (64)
Flat 2:- D (64)

Council Tax
Both flats are tax band A

Services
(not tested at the time of our inspection)
All mains services are understood to be connected to the property. The shop and the flats are understood to be separately metered.

Planning
Prospective tenants should make their own enquiries.
The property is understood to benefit from planning for Use Class E for the ground floor retail until and C3 for the upper residential floors of the Town and Country Use Classes Order 1987.

Solicitors
PCB Solicitors LLP – Rachel Wierzbinski
Shrewsbury Business Park,
Cypress Centre,
Sitka Dr,
Shrewsbury SY2 6LG
Call:
Email: rachel.

Local Authority
Shropshire Council,
Shirehall,
Abbey Foregate,
Shrewsbury,
SY2 6ND